Result of EGM

Terrace Hill Group PLC
18 October 2002

Terrace Hill Group Plc ('the Company')



Result of Extraordinary General Meeting ('EGM')





On 24 September 2002, the Company released an announcement detailing a Special
Resolution to consider the additional Repurchase of Ordinary Shares of 2p each
at a price of 12.65p each relating to tenders received too late to be approved
at the EGM held on 19 September 2002.



The EGM was held today and the resolution was duly passed. As such, the Company
intends to implement the share buy-back of 345,260 Shares with immediate effect.



The total number of Shares repurchased is now 1,847,210 when aggregated with the
Shares repurchased on 19 September 2002. Following implementation of the
buy-back the Company now has 155,435,652 Ordinary Shares of 2p each in issue.
























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